Is Fosun about to do a Mike Ashley with Thomas Cook?

Tuesday, 23 April 2019, 6:47 pm

The collapse of Debenhams wasn't exactly Mike Ashley's finest hour.

The owner of Newcastle United Football Club lost £150 million on the 29.9pc equity stake he built over several years after being outmanouvered by the credit funds and the company ahead of a financial restructuring.

Now, though, it would appear Fosun - the Chinese conglomerate led by Guo Guangchang, dubbed China's Warren Buffett - is following a similar path to maverick Mike...


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